Lance Leighton
Founder – HedgeFundSpaces.com
New York State Licensed Real Estate Salesperson
515 Madison Avenue is one of the best relative values in Midtown Manhattan. Known for its stable multi-generational ownership, convenient location and small tower floors (+/- 4,000 sf), it has been owned by the Gural family with pride for decades. Unlike other Madison Avenue office office towers, the ability for a tenant to lease an entire floor, measuring less than 4,000 rentable square feet, is a luxury that few other office buildings provide. Accordingly, when subleases hit the market here, they tend to not last very long.
That being said, the entire 41st floor of this acclaimed art-deco office tower just hit the market for sublease. Offered for sublease from Ocean Media, a well-established media company based in California, the floor is currently built with 6 windowed offices, a 10 person conference room, 7 workstations, 2 restrooms (1 even has a shower), a pantry, and a reception area. The installation was constructed only a few years ago and strikes a unique balance of wood and glass finishes. Available for occupancy immediately, the office space features terrific light and unparalleled southern, eastern and western exposures. With a term that extends through September of 2021, this full floor, furnished plug & play opportunity is a must see for any hedge fund, private equity firm, investment bank or financial firm seeking their own identity with both a flexible lease term and economical
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